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Aditya Birla Group crosses $50 billion in market capitalisation

The group's financial services arm was spun off into a separate entity on Friday. Photograph: (Twitter)

WION Web Team New Delhi, Delhi, India Sep 02, 2017, 05.14 AM (IST)

After the successful listing of its financial services company Aditya Birla Capital on Friday, the Kumar Mangalam Birla-led Aditya Birla Group has added another feather to its cap.

The conglomerate has crossed the $50 billion mark in terms of market capitalisation for the first time, according to a report in The Times of India.

Aditya Birla Capital listed on the NSE at a price of Rs 255 per share after Aditya Birla Nuvo merged with Grasim and the group's financial services business was spun off into a separate entity.

By achieving a market capitalisation of $50 billion, Aditya Birla Group has become the third largest after Tata Sons and Reliance Industries.

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